brockm on Nostr: I feel like I'm often in a minority when I say, I don't think the US will ever try to ...

I feel like I'm often in a minority when I say, I don't think the US will ever try to ban bitcoin. I just don't think it's in the cards. People have it in their heads, because of the importance of the US Dollar and the petrodollar to US political and economic power, that this leads to an inevitable showdown where the government just outright bans bitcoin. This is mostly paranoia and an example of the fallacy of faulty generalization, by focusing in on a very specific set of equities and believing they are overriding in salience to the political economy of the United States. The problem is this is flawed.

Anybody who spends any time talking to lawmakers and policymakers as I have, will know that nobody is seriously considering banning it. They are scratching their heads about how to regulate it, though. People realize the cat is out of the box, and there's no putting it back in.